Financial Aid

Hope Scholarship Credit
The Hope Scholarship Credit was a tax credit that provided financial assistance for higher education expenses but was replaced in 2008 by the American Opportunity Tax Credit.
Scholarship
A scholarship is a form of financial aid that is awarded to students to support their education. Scholarships are typically based on academic or extracurricular achievements and do not need to be repaid.
Subsidy
A subsidy is a financial aid or support extended by the government to certain individuals or groups, aimed at promoting economic and social policies.
Supplemental Security Income (SSI)
Supplemental Security Income (SSI) is a federal program designed to provide financial aid to individuals with low income and minimal assets. It offers monthly payments to eligible recipients, including those who are elderly, blind, or disabled.

Accounting Terms Lexicon

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